** Shares in restaurant company Potbelly Corp PBPB.O tumble ~15% on Friday, tracking for biggest one-day pct drop since May 2020, after report for Q4 and outlook for Q1, FY 2025
** For the qtr ended in Dec, PBPB reported diluted EPS of $0.15 vs $0.09 in year-ago quarter but rev fell 7.3% y/y to $116.6 mln
** Co said rev drop was driven by issues such as refranchising, including sale of 34 co shops since Q2 2023
** While it forecast 2025 same-store sales growth of 1.5%-2.5%, for Q1 it said that sees same-store sales decline in a range of 1.5% to 0.5% which would compare to an increase of 0.3% in Q4 vs a 6.3% increase in prior year
** PBPB last traded at $10, which compares with median PT of $16, according to LSEG, which shows just 4 analyst ratings: 3 'buy,' and 1 'hold'
** YTD PBPB up 5.9% after falling 9.6% in 2024 vs ~7% YTD drop for Nasdaq composite .IXIC, which rose 28.6% in 2024
(Reporting By Sinéad Carew)
((sinead.carew@thomsonreuters.com; +13322191897;))
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